Prepare an income statement, a retained earnings statement, and a statement of financial position for the acupuncture practice of Lei Chen, from the items listed below for the year Ended December 31,2020. Retained earnings, January 1 Share capital-ordinary Accounts payable Equipment Service revenue Dividends Supplies expense Cash Utilities expense Supplies Salaries and wages expense Accounts receivable Rent expense 12,000 30,000 7,000 27,000 24,000 6,000 3,500 8,000 700 2,800 9,000 14,000 2,000